Palm oil quotes fell 5.5% in the week

down 5.5% over the week, amid falling global oil prices and data on a decline in palm oil exports from Malaysia, which, according to surveyors, fell by 16.5% between November 1 and 25 compared to the same period in October. In addition, prices are being pressured by the strengthening of the ringgit against the dollar. January Brent crude futures fell 3.8% to $62.5/barrel in the week (-3.8% in the month). December soybean oil futures in Chicago fell 3.8% to $1,108/tonne in the week (-1% in the month) and will continue to fall as soybean oil exports from China increase. It is worth noting that the price of soybean oil in Brazil increased by $10/t to $1,110-1,120/t FOB in a week, but the price of soybean oil in China fell by $10/t to $1,160-1,165/t Daylian, and China continues to increase supplies to India, which increases competition with traditional suppliers. In October, China exported a record 70,877 thousand tons of soybean oil, most of which went to India, and in total for ten ...